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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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    MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

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    The FAAC's revenue distribution from 2017 to August 2023 highlights the dominance of Delta, Akwa Ibom, Rivers, and Bayelsa states in allocations. Despite Lagos' economic prominence, it ranked fifth. Here is the distribution of revenue among states between 2017 and August 2023.

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  • A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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    Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

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  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more

  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more

  • The 2024 Global Peace Index reveals a decline in peacefulness in 97 countries, the highest since the index began.

    Nigeria is among the nations affected by regional conflicts and rising violence. With a peace index score of 2.91, Nigeria is facing increasing challenges.

    A deteriorating peace score impacts foreign investment and economic stability. Global economic losses due to violence reached $19.1 trillion in 2023.

    See more
Other Insights
 
  • Nigeria’s non-oil trade with Africa was nearly balanced, with an ₦88bn surplus on almost ₦2tn of trade in H1 2026.
  • Energy trade was entirely export-led, with Nigeria selling ₦156.5bn and recording no imports.
  • Solid minerals also leaned towards exports, with sales making up 66.1% of category trade.
  • Agriculture ran a large deficit, as imports accounted for 84.5% of trade and exceeded exports by ₦178bn.
  • Nigeria’s agricultural trade deficit widened sharply, from ₦59bn in Q1 to ₦119bn in Q2.
See more
 
  • Samsung exceeds 50% share in 4 African countries, led by Somalia at 66.9%.
  • Its share exceeds 40% in 16 countries, including Ethiopia, South Africa, Botswana and Zimbabwe.
  • Southern Africa shows particularly high Samsung usage, with all five UN M49 countries above 44%.
  • Samsung’s share is much lower in major markets, including Nigeria (16.3%), Egypt (22.9%) and Ghana (24.7%).
  • Samsung holds a 32.0% share across Africa, based on mobile web traffic rather than device sales.
See more
 
  • Apple exceeds 25% share in 7 African countries, led by Seychelles at 37.6%.
  • Cape Verde and Mauritania follow, at 36.5% and 33.8%, respectively.
  • South Africa trails just below 25%, with a 24.8% share.
  • Nigeria’s 17.9% share is close to Africa’s 18.7% average, despite its market size.
  • These figures measure web traffic, not device sales or installed smartphone base.
See more
 
  • India has the most undernourished people, at 142.5 million, nearly three times Nigeria’s 51.6 million.
  • Nigeria ranks second globally, with 51.6 million undernourished people.
  • Six of the top 10 countries are African, including DR Congo, Ethiopia, Kenya, Madagascar and Tanzania.
  • Madagascar has the highest prevalence, at 41.8%, followed by DR Congo at 39.5%.
  • Nigeria’s prevalence is 22.2%, more than twice India’s 9.8%.
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  • Nigeria’s economy grew 4.16% in H1 2026, but growth was uneven across sectors.
  • Arts and entertainment grew fastest at 11.5%, followed by water and waste management (10.9%) and information and communication (10.3%).
  • Agriculture, which accounts for about a quarter of GDP, grew 3.8%, below the headline rate.
  • Trade and real estate also lagged, growing 2.2% and 3.0%, respectively.
  • Electricity and gas was the biggest drag, contracting 11.6%, while Other Services fell 1.4%.
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  • Electricity, gas and related supply was Nigeria’s worst-performing broad economic activity in H1 2026.
  • Sector GDP fell 11.6% year-on-year, from ₦800.2bn to ₦707.1bn.
  • Output fell below H1 2024 levels, when the sector recorded ₦708.5bn.
  • Only one other broad activity contracted: Other Services, which fell 1.4%.
  • The sector contributed just 0.7% of Nigeria’s real GDP on average over the period shown.
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  • Africa overtook Asia as the region with the most undernourished people in 2025.
  • 309.2 million people in Africa were undernourished, versus 291.8 million in Asia.
  • Africa’s undernourished population has nearly doubled since 2010, rising from 170.8 million to 309.2 million.
  • Africa’s share of the global total jumped from 28% in 2010 to 48% in 2025.
  • FAO projects Africa’s share to reach 56% by 2030, pointing to a widening long-term food insecurity gap.
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  • ATM transactions surged 208.5% to ₦89.8 trillion in 2025.
  • ATM was Nigeria’s fastest-growing payment channel by value.
  • Average ATM transaction size nearly doubled, rising 90%.
  • ATM usage grew despite higher withdrawal fees introduced by the CBN.
  • Internet/Web payments remained dominant at ₦2.21 quadrillion, despite slower growth.
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  • Spectranet leads with 111,384 subscribers, ahead of Starlink's 98,642.
  • Starlink added 6,651 subscribers since December 2025, narrowing the gap to 12,742.
  • Fieldbase Services overtook ipNX for 4th place by just 18 subscribers.
  • The top three ISPs account for over 63% of Nigeria's 420,989 active subscribers.
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  • About 600 million Africans still lack access to electricity.
  • Africa has 20% of the world's population but receives less than 3% of global energy investment.
  • South Africa added the most renewable capacity from 2016–2025, followed by Ethiopia, Egypt, Morocco and Tanzania.
  • Africa's renewable capacity is growing, but its share of global capacity remains small.
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  • Nigeria's rice production hit 9.13 million tonnes in 2024, its highest level since 2021.
  • Egypt and Madagascar produced 6.43 and 4.97 million tonnes, respectively, in 2024.
  • Egypt and Madagascar combined produced 11.4 million tonnes, exceeding Nigeria's output.
  • Africa's rice production reached a record 44.8 million tonnes in 2024, up 421% since 1980.
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  • 36.3 million people face Crisis-level food insecurity in August 2026, up 33% from November 2025.
  • Nearly 8 in 10 households in the northeast have less than a week's food supply.
  • 58% of people in the northeast have insufficient food consumption.
  • Conflict, displacement and market disruption are deepening the crisis.
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1 2 3 … 133
  • Nigeria’s non-oil trade with Africa was nearly balanced, with an ₦88bn surplus on almost ₦2tn of trade in H1 2026.
  • Energy trade was entirely export-led, with Nigeria selling ₦156.5bn and recording no imports.
  • Solid minerals also leaned towards exports, with sales making up 66.1% of category trade.
  • Agriculture ran a large deficit, as imports accounted for 84.5% of trade and exceeded exports by ₦178bn.
  • Nigeria’s agricultural trade deficit widened sharply, from ₦59bn in Q1 to ₦119bn in Q2.
Read more
  • Samsung exceeds 50% share in 4 African countries, led by Somalia at 66.9%.
  • Its share exceeds 40% in 16 countries, including Ethiopia, South Africa, Botswana and Zimbabwe.
  • Southern Africa shows particularly high Samsung usage, with all five UN M49 countries above 44%.
  • Samsung’s share is much lower in major markets, including Nigeria (16.3%), Egypt (22.9%) and Ghana (24.7%).
  • Samsung holds a 32.0% share across Africa, based on mobile web traffic rather than device sales.
Read more
  • Apple exceeds 25% share in 7 African countries, led by Seychelles at 37.6%.
  • Cape Verde and Mauritania follow, at 36.5% and 33.8%, respectively.
  • South Africa trails just below 25%, with a 24.8% share.
  • Nigeria’s 17.9% share is close to Africa’s 18.7% average, despite its market size.
  • These figures measure web traffic, not device sales or installed smartphone base.
Read more
  • India has the most undernourished people, at 142.5 million, nearly three times Nigeria’s 51.6 million.
  • Nigeria ranks second globally, with 51.6 million undernourished people.
  • Six of the top 10 countries are African, including DR Congo, Ethiopia, Kenya, Madagascar and Tanzania.
  • Madagascar has the highest prevalence, at 41.8%, followed by DR Congo at 39.5%.
  • Nigeria’s prevalence is 22.2%, more than twice India’s 9.8%.
Read more
  • Nigeria’s economy grew 4.16% in H1 2026, but growth was uneven across sectors.
  • Arts and entertainment grew fastest at 11.5%, followed by water and waste management (10.9%) and information and communication (10.3%).
  • Agriculture, which accounts for about a quarter of GDP, grew 3.8%, below the headline rate.
  • Trade and real estate also lagged, growing 2.2% and 3.0%, respectively.
  • Electricity and gas was the biggest drag, contracting 11.6%, while Other Services fell 1.4%.
Read more
  • Electricity, gas and related supply was Nigeria’s worst-performing broad economic activity in H1 2026.
  • Sector GDP fell 11.6% year-on-year, from ₦800.2bn to ₦707.1bn.
  • Output fell below H1 2024 levels, when the sector recorded ₦708.5bn.
  • Only one other broad activity contracted: Other Services, which fell 1.4%.
  • The sector contributed just 0.7% of Nigeria’s real GDP on average over the period shown.
Read more
1 2 3 … 266
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